Abstract

http://ssrn.com/abstract=2032134
 


 



Providing Liquidity in a High-Frequency World: Trading Obligations and Privileges of Market Makers and a Private Right of Action


Stanislav Dolgopolov


Independent

June 21, 2013

Brooklyn Journal of Corporate, Financial, & Commercial Law, Vol. 7, No. 2, pp. 303-360, 2013

Abstract:     
This Article analyzes the reach of a private right of action under federal securities law for violations of trading obligations and abuses of trading privileges by market makers in today’’s rapidly evolving securities markets. The development of the applicable case law is traced, and potential approaches to a coherent theory of a private right of action are considered. The Article also discusses the significance of the changing economics and institutional framework of providing liquidity in securities markets and related regulatory debates.

Number of Pages in PDF File: 58

Keywords: Market Makers, Trading Obligations and Privileges, Private Right of Action, Securities Regulation, High-Frequency Trading

JEL Classification: G28, K22

Accepted Paper Series


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Date posted: April 1, 2012 ; Last revised: March 11, 2014

Suggested Citation

Dolgopolov, Stanislav, Providing Liquidity in a High-Frequency World: Trading Obligations and Privileges of Market Makers and a Private Right of Action (June 21, 2013). Brooklyn Journal of Corporate, Financial, & Commercial Law, Vol. 7, No. 2, pp. 303-360, 2013. Available at SSRN: http://ssrn.com/abstract=2032134 or http://dx.doi.org/10.2139/ssrn.2032134

Contact Information

Stanislav Dolgopolov (Contact Author)
Independent ( email )
No Address Available
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